Business
As Middle East Crisis Intesifies Impact Felt In Stock Market Benchmark Indices Sensex And Nifty
The 30-share BSE Sensex tanked 2,743.46 points or 3.37 per cent to 78,543.73 in early trade. It later ended at 80,238.85, down 1,048.34 points or 1.29 per cent. The 50-share NSE Nifty tumbled 575.15 points or 2.28 per cent to 24,603.50 in intra-day trade. The benchmark later settled 312.95 points or 1.24 per cent down at 24,865.70.
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Stock market benchmark indices Sensex and Nifty nosedived over 1 per cent as investors’ sentiment were hit hard following a sharp spike in crude oil prices amid escalating tensions in West Asia.
Weak trends in global markets and heavy foreign fund outflows also dented sentiments.
The 30-share BSE Sensex tanked 2,743.46 points or 3.37 per cent to 78,543.73 in early trade. It later ended at 80,238.85, down 1,048.34 points or 1.29 per cent. The 50-share NSE Nifty tumbled 575.15 points or 2.28 per cent to 24,603.50 in intra-day trade. The benchmark later settled 312.95 points or 1.24 per cent down at 24,865.70.
Iran’s Supreme Leader Ayatollah Ali Khamenei was killed in a coordinated US-Israeli airstrike on Tehran early Saturday, with the Iranian state media confirming the death on Sunday.
Iran began firing missiles at Israel and the Arab countries in the region in retaliation for the killing of its supreme leader.
In Asian markets, Japan’s Nikkei 225 fell over 1 per cent and Hong Kong’s Hang Seng index tumbled more than 2 per cent, while Shanghai’s SSE Composite index ended in positive territory.
Equity markets were closed in South Korea due to a holiday.